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Interest earned after Backdoor Roth IRA conversion from T IRA
Hi,
I completed backdoor conversion at Max. and I found there is earned interest in TRA ( I am using Fidelity).
The earned interest is $2.04.
I am wondering what should I do with the earned interest.
I can't convert it to Roth IRA because of limitation of Roth conversion amount ($7500) is full.
Should I extract $2.04 to other account and payed penalty and tax for it at tax report of 2024?
Or any other best way to manage this interest?
Thanks
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‎April 23, 2024
7:55 AM